Maine Revised Statutes

Me. Rev. Stat. tit. 14, § 1602 (2026)

Interest before judgments

✓ current as of May 2026

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(REPEALED)

SECTION HISTORY

PL 1969, c. 397, §1 (RPR). PL 1971, c. 228 (AMD). PL 1977, c. 147 (RPR). PL 1979, c. 655, §1 (AMD). PL 1981, c. 162, §§1,2 (AMD). PL 1983, c. 427, §1 (RPR). PL 1983, c. 583, §7 (AMD). PL 1987, c. 646, §3 (AMD). PL 1991, c. 165 (AMD). PL 2001, c. 471, §D13 (AMD). PL 2003, c. 460, §4 (RP).

Notes of Decisions

Cited in 79 cases (6 in the last 5 years), 1972–2025 · leading case: Raymond v. Raymond, 480 A.2d 718 (Me. 1984).

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Raymond v. Raymond, 480 A.2d 718 (Me. 1984). · cites it 17× “In its May 27, 1983, order, the Superior Court awarded the wife interest on the overdue alimony payments, holding that the interest statute which provides for post-judgment interest on sums due but not paid applies to the delinquent payments in the case.”

Vicnire v. Ford Motor Credit Co., 401 A.2d 148 (Me. 1979). · cites it 4× “The presiding justice denied all other motions and granted plaintiff interest on the damages award computed in accordance with the interest statute in effect on the date of entry of judgment, 14 M.R.S.A. § 1602 (Supp.1978 — 79). I. Vicnire v.”

Jenkins, Inc. v. Walsh Bros., Inc., 2001 ME 98 (Me. 2001). · cites it 2× “14 M.R.S.A. § 1602 (Supp. 2000) ("Prejudgment interest shall accrue from the time of notice of claim setting forth under oath the cause of action, served personally or by registered or certified mail upon the defendant until the date on which an order of judgment is entered.”

Ludington v. LaFreniere, 1998 ME 17 (Me. 1998). · cites it 5× “[¶ 9] LaFreniere and Dostie also contend that the contract provision requiring the buyer to pay interest at 12% until the closing 5 means that once the contract was breached, the statutory rate pursuant to 14 M.R.S.A. § 1602 should then apply. The court did not err by…”

Ne. Inv. Co. v. Leisure Living Communities, Inc., 351 A.2d 845 (Me. 1976). · cites it 2× “2d 215 ), and legal interest from that date to the time of entry of judgment also may be recoverable under 14 M.R.S.A. § 1602. 5 A quick computation will disclose a bridging of the gap.”

In Re Valuation of Common Stock of McLoon Oil Co., 565 A.2d 997 (Me. 1989). · cites it 2× “Ginn was a personal injury action in which we considered whether statutory postjudgment interest should be calculated on the sum of the judgment plus the prejudgment interest awarded under 14 M.R.S.A. § 1602. Ginn contains no statement whatsoever with regard to the propriety of…”

Batchelder v. Tweedie, 294 A.2d 443 (Me. 1972). · cites it 4× “What did the Legislature intend as to an action commenced in October 1970 to recover damages resulting from an automobile accident occurring February 13, 1969, in which action a verdict for the plaintiff was returned June 16, 1971, when it said in the amendment to 14 M.R.S.A. §…”

Camps Newfound/Owatonna Corp. v. Town of Harrison, 1998 ME 20 (Me. 1998). · cites it 2× “[¶ 19] We also reject the Town’s argument that any tax refund awarded the Camp should only include the interest that has accrued from the date of the filing of Camp’s complaint, pursuant to 14 M.R.S.A. § 1602 (1980 & Supp.1997). We have previously determined that “specific…”

Pierce v. Cent. Maine Power Co., 622 A.2d 80 (Me. 1993). · cites it 3× “5 Refusing plaintiffs’ request for a hearing, the court ordered that two years of prejudgment interest be waived in accordance with 14 M.R.S.A. § 1602 (Supp.1992). 6 The court explained the basis for its ruling as follows: The case clearly took too long to get to trial and cost…”

Nunez v. Nationwide Mut. Ins., 472 A.2d 1383 (Me. 1984). · cites it 3× “Nunez relies heavily upon the statute mandating the payment of prejudgment interest, 14 M.R.S.A. § 1602, and the insurance policy provisions for payment of other costs of litigation.”

Profit Recovery Grp., USA, Inc. v. Comm'r, Dep't of Admin. & Fin. Servs., 871 A.2d 1237 (Me. 2005). · cites it 5× “14 M.R.S.A. §§ 1602,1602-A. [¶ 26] PRGU acknowledges that there is no statute expressly waiving sovereign immunity for an award of interest, but it claims that when the State waives sovereign immunity for a breach of contract action, it also waives any immunity for interest on…”

Walsh v. Cusack, 2008 ME 74 (Me. 2008). · cites it 2× “1984) (interpreting 14 M.R.S.A. § 1602 (1980) to provide that “post-judgment interest must be paid in any civil action” because there was no waiver provision in the statute at that time).”

Show all 79 citing cases →

— Me. Rev. Stat. tit. 14, § 1602(1) — 16 cases

Ludington v. LaFreniere, 1998 ME 17 (Me. 1998). “[¶ 9] LaFreniere and Dostie also contend that the contract provision requiring the buyer to pay interest at 12% until the closing 5 means that once the contract was breached, the statutory rate pursuant to 14 M.R.S.A. § 1602 should then apply. The court did not err by…”

Trask v. Auto. Ins. Co., 1999 ME 94 (Me. 1999).

Thibodeau v. Cole, 1999 ME 150 (Me. 1999).

Sawyer v. Walker, 572 A.2d 498 (Me. 1990).

Harmon v. Clark Equip. Co., 657 F. Supp. 873 (D. Me. 1987).

— Me. Rev. Stat. tit. 14, § 1602(1)(A) — 3 cases

Fitzgerald v. Gamester, 1999 ME 92 (Me. 1999).

Roberts v. Bolduc (Me. Super. Ct 2001).

— Me. Rev. Stat. tit. 14, § 1602(1)(B) — 6 cases

Jenkins, Inc. v. Walsh Bros., Inc., 2001 ME 98 (Me. 2001). “14 M.R.S.A. § 1602 (Supp. 2000) ("Prejudgment interest shall accrue from the time of notice of claim setting forth under oath the cause of action, served personally or by registered or certified mail upon the defendant until the date on which an order of judgment is entered.”

Shape, Inc. v. Midwest Eng'g, Inc. (In Re Shape, Inc.), 176 B.R. 1 (Bankr. D. Me. 1994).

Fitzgerald v. Gamester, 1999 ME 92 (Me. 1999).

Penobscot Shoe Co. v. McCulloch (Me. Super. Ct 2003).

Roberts v. Bolduc (Me. Super. Ct 2001).

— Me. Rev. Stat. tit. 14, § 1602(2) — 1 case

Bahre v. Pearl, 595 A.2d 1027 (Me. 1991).

— Me. Rev. Stat. tit. 14, § 1602(3) — 1 case

Sun Lumber v. Loiselle, 593 A.2d 213 (Me. 1991).

— Me. Rev. Stat. tit. 14, § 1602(B)(5) — 1 case

Pollack v. Quirion (Me. Super. Ct 2020).

— Me. Rev. Stat. tit. 14, § 1602(C)(l)(B) — 1 case

Houghton v. Koenke (Me. Super. Ct 2009).

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.